Your Step-by-Step Guide to Refinancing with Texas Lending Partners

Refinancing your home doesn’t have to feel overwhelming. At Texas Lending Partners, we’ve simplified the process into a clear roadmap so you know exactly what to expect from start to finish.

1. Review Loan Options

The journey starts by sitting down with a loan advisor to discuss your goals. Whether you’re looking to lower your monthly payment, cash out equity, or adjust your loan terms, we’ll explore the best options for you.

2. Initial Disclosures

Once you’ve chosen a path, you’ll receive your initial disclosures. Be sure to sign and return them quickly to prevent any delays.

3. Processing

Our processors will gather and review all necessary documentation so our underwriters can issue an initial approval.

4. Appraisal or PIW

In some cases, an appraisal may be required. If so, we’ll schedule a home inspection to determine your property’s current value.

5. Lock in Your Rate

Your interest rate depends on market conditions. Once you’re comfortable, we’ll lock in your rate to protect you from future fluctuations.

6. Underwriting

During this stage, our underwriters review your loan in detail. If additional documentation is requested, it’s important to provide it promptly to avoid delays.

7. Final Approval & Initial CD

After approval, you’ll receive your Closing Disclosure (CD). It’s critical that all borrowers review, sign, and return the CD quickly to keep things moving.

8. CD Wait Period

By law, loan documents cannot be signed until after the CD wait period—either 3 business days after signing the CD or 6 days after it was provided.

9. Loan Documents

Once the wait period ends, we’ll prepare your final loan documents and send them to Escrow. You’ll meet with a notary to review and sign everything.

10. Right of Rescission

For refinances, federal law requires a 3-business-day rescission period. This means you have 3 days after signing to cancel if you choose.

11. Funding

When the rescission period is over, your loan documents will be reviewed, and your refinance will be complete!

12. Enjoy the Results

Whether it’s lowering your monthly payment or cashing out equity, you’ll now enjoy the benefits of your new refinance.